Jim Cramer Says it's Not Too Late to Get in the Game With Ulta
Ulta Salon, Cosmetics and Fragrance, Inc. posted better-than-expected second quarter earnings results and a positive third quarter outlook. Cramer thinks the stock will go to all-time highs.
Shares of Ulta Salon, Cosmetics & Fragrance, Inc. surged Friday following better-than-expected second quarter earnings results and a positive third quarter outlook. Jim Cramer says it's not too late to buy Ulta. Cramer calls Ulta "the great American growth retailer of the bricks and mortar kind". Last December the company took guidance down and the stock took a hit. Cramer says Ulta is back now. Comparable store sales and traffic were strong this quarter. And despite some negatives in Herb Greenberg's Reality Check report, Cramer thinks the stock will go to all-time highs. Citigroup and Goldman Sachs have both raised their price targets for the company.
